Pennsylvania Code
Title 52 - PUBLIC UTILITIES
Part II - Philadelphia Parking Authority
Subpart B - Taxicabs
Chapter 1029 - BROKERS
Section 1029.15 - Duty to deposit money belonging to another into escrow account
Universal Citation: 52 PA Code ยง 1029.15
Current through Register Vol. 54, No. 44, November 2, 2024
A broker shall deposit money that the broker receives belonging to another into an escrow account in a Federally- or State-insured bank or depository to be held pending consummation of the sale of rights subject to the act or a prior termination thereof that does not involve a dispute between the parties to the sale, at which time the broker shall pay over the full amount to the party entitled to receive it.
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